2811 SE 22nd St UNIT 830Des MoinesIA50320
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Des Moines at 2811 SE 22nd St UNIT 830, Des Moines, IA, 50320 offers a 10.67% rental yield on a $189,900 purchase with $1,688/mo rent. Total monthly income registers $1,688/mo, and a $929/mo payment leaves $218/mo available for distribution. Annual cash flow reaches $2,617/yr on $62,952 to close, and return on cash invested stands at 24.07% in year one. Equity gained on principal adds $1,225/yr while 5% annual appreciation supports $52,466 over five years. Portfolio math shows five-year ROI at 127.25% and total cumulative return in cash at $80,105. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,688/mo property income against a $929/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2000
N/A lot
$N/A/sqft
$220 monthly HOA
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Listed by: Diana Pastor • Country Estates Realty
Mls Name: DMMLS
Mls Provider:
Mls ID: #704548
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